BlackRock Foundation Report Points to Increased Market Participation
Percentage of moderate-income families invested in the markets has increased by close to 200% since the start of the decade
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- Written by Banking Exchange staff
According to a new report by the BlackRock Foundation, the percentage of moderate-income families invested in the markets has increased by close to 200% since the start of the decade.
Experts point to an increase in investment information and awareness.
The study sites data from several million checking accounts of median incomes of about $50,000.
Initiatives to bank the unbanked have also impacted lower-income families, as have positive market results, making news despite inflation disproportionately impacting lower-income Americans.
More than 60% of American adults own stocks, with education levels and income levels still being two major factors.
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